Can I retire at age 58 with 845,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$69,779$69,158$68,551$67,959$67,381$65,646
2 years$34,544$33,901$33,277$32,673$32,086$30,350
3 years$22,801$22,155$21,533$20,934$20,357$18,673
4 years$16,930$16,286$15,670$15,082$14,519$12,901
5 years$13,409$12,768$12,161$11,584$11,037$9,489
6 years$11,062$10,426$9,828$9,264$8,733$7,257
7 years$9,386$8,756$8,167$7,616$7,102$5,698
8 years$8,130$7,506$6,926$6,389$5,892$4,559
9 years$7,153$6,535$5,965$5,442$4,962$3,699
10 years$6,373$5,760$5,201$4,691$4,228$3,034
11 years$5,734$5,128$4,579$4,083$3,636$2,509
12 years$5,203$4,603$4,064$3,581$3,151$2,089
13 years$4,753$4,159$3,630$3,162$2,748$1,748
14 years$4,368$3,781$3,262$2,807$2,409$1,469
15 years$4,035$3,454$2,945$2,503$2,121$1,240
16 years$3,744$3,169$2,670$2,241$1,874$1,049
17 years$3,487$2,918$2,430$2,014$1,662$890
18 years$3,259$2,697$2,218$1,815$1,478$756
19 years$3,055$2,499$2,031$1,640$1,317$644
20 years$2,872$2,322$1,864$1,485$1,176$549
21 years$2,706$2,163$1,714$1,348$1,053$469
22 years$2,556$2,019$1,580$1,225$944$400
23 years$2,419$1,889$1,459$1,116$847$343
24 years$2,294$1,770$1,349$1,018$761$293
25 years$2,179$1,661$1,249$930$685$251
26 years$2,072$1,561$1,159$850$617$215
27 years$1,974$1,469$1,076$778$556$185
28 years$1,883$1,384$1,000$713$502$158
29 years$1,799$1,306$931$654$453$136
30 years$1,720$1,233$867$600$410$117
31 years$1,647$1,166$808$551$370$100
32 years$1,578$1,103$754$506$335$86
33 years$1,513$1,045$704$466$303$74
34 years$1,453$990$658$428$274$63
35 years$1,396$939$615$394$249$54
36 years$1,342$891$575$363$225$47
37 years$1,291$846$539$335$204$40
38 years$1,244$804$504$308$185$35
39 years$1,198$765$473$284$168$30
40 years$1,155$728$443$262$152$26
41 years$1,115$693$415$242$138$22
42 years$1,076$660$390$223$125$19
43 years$1,039$629$366$206$114$16
44 years$1,004$599$343$190$103$14
45 years$971$571$322$176$94$12
46 years$939$545$303$162$85$10
47 years$908$520$284$150$77$9
48 years$879$497$267$139$70$8
49 years$852$474$251$128$64$7
50 years$825$453$236$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $845,000, adding $2,077 every year, while hoping to spend $49,368 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/19/9 Blend
57$845,000$845,000$845,000$845,000
58$933,332$888,547$875,450$998,886
59$976,005$879,559$852,250$1,033,484
60$1,021,376$868,476$826,619$1,065,031
61$1,069,668$855,143$798,422$1,098,214
62$1,121,125$839,396$767,520$1,133,180
63$1,176,015$821,061$733,767$1,170,094
64$1,234,630$799,955$697,010$1,209,137
65$1,297,292$775,882$657,090$1,250,510
66$1,364,353$748,637$613,839$1,294,437
67$1,436,198$718,002$567,084$1,341,162
68$1,513,250$683,744$516,642$1,390,961
69$1,595,975$645,621$462,322$1,444,135
70$1,684,881$603,373$403,927$1,501,018
71$1,780,528$556,728$341,248$1,561,981
72$1,883,531$505,396$274,069$1,627,434
73$1,994,564$449,073$202,163$1,697,830
74$2,114,368$387,436$125,293$1,773,672
75$2,243,757$320,144$43,214$1,855,514
76$2,383,626$246,837$0$1,943,971
77$2,534,959$167,135$0$2,043,984
78$2,698,836$80,636$0$2,156,749
79$2,876,445$0$0$2,278,971
80$3,069,094$0$0$2,414,332
81$3,278,220$0$0$2,579,605
82$3,505,403$0$0$2,759,185
83$3,752,382$0$0$2,954,450
84$4,021,070$0$0$3,166,918
85$4,313,571$0$0$3,398,259
86$4,632,202$0$0$3,650,307
87$4,979,510$0$0$3,925,086
88$5,358,300$0$0$4,224,819
89$5,771,660$0$0$4,551,955
90$6,222,987$0$0$4,909,190
91$6,716,023$0$0$5,299,489
92$7,254,883$0$0$5,726,121
93$7,844,103$0$0$6,192,681
94$8,488,675$0$0$6,703,128
95$9,194,093$0$0$7,261,823
96$9,966,410$0$0$7,873,567
97$10,812,291$0$0$8,543,646
98$11,739,076$0$0$9,277,883
99$12,754,846$0$0$10,082,690
100$13,868,503$0$0$10,965,129